Leopald Kaufman Acquires Retail/Future Development Site In Ridgewood, Queens For $9.3M

A retail property and future development site located at 56-40/56-42 Myrtle Avenue and 17-11 Hancock Street in Ridgewood, Queens has been sold in a closed transaction. The property spans 15,000 square feet and was sold for a sale price of $9,300,000. The property was listed with an asking price of $10,000,000, resulting in a price per square foot of $620.

Summary of transaction details

• Property Type: Retail/Future Development Site
• Sale Price: $9,300,000
• Square Footage: 15,000
• Asking Price: $10,000,000
• Price Per Square Foot: $620
• Market: Ridgewood, Queens

The seller of the property was Steven Mizrahi, while the buyer was Leopald Kaufman. The deal was facilitated by Ariel Property Advisors, with Sean R. Kelly Esq., Alexander Taic, and David Khukhashvilli representing the parties involved.